American Homes 4 Rent (NYSE:AMH) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in American Homes 4 Rent (NYSE:AMH) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 797,615 shares of the real estate investment trust’s stock after purchasing an additional 15,931 shares during the period. Retirement Systems of Alabama owned 0.22% of American Homes 4 Rent worth $30,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AMH. Janus Henderson Group PLC increased its holdings in American Homes 4 Rent by 2,150.3% in the third quarter. Janus Henderson Group PLC now owns 1,935,007 shares of the real estate investment trust’s stock valued at $74,276,000 after buying an additional 1,849,020 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of American Homes 4 Rent by 783.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,107,227 shares of the real estate investment trust’s stock worth $42,507,000 after acquiring an additional 981,872 shares in the last quarter. FMR LLC increased its holdings in shares of American Homes 4 Rent by 12.9% in the 3rd quarter. FMR LLC now owns 8,225,592 shares of the real estate investment trust’s stock valued at $315,780,000 after acquiring an additional 937,116 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of American Homes 4 Rent during the 2nd quarter worth about $17,367,000. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in American Homes 4 Rent by 39.3% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,437,568 shares of the real estate investment trust’s stock worth $53,420,000 after purchasing an additional 405,468 shares during the last quarter. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMH has been the topic of several recent analyst reports. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target on shares of American Homes 4 Rent in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods dropped their target price on shares of American Homes 4 Rent from $39.00 to $38.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $41.00 price target on shares of American Homes 4 Rent in a research note on Wednesday. StockNews.com downgraded shares of American Homes 4 Rent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Finally, Mizuho lifted their target price on American Homes 4 Rent from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, American Homes 4 Rent currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.56.

Insider Activity at American Homes 4 Rent

In related news, COO Bryan Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $37.80, for a total value of $1,512,000.00. Following the completion of the transaction, the chief operating officer now directly owns 125,580 shares of the company’s stock, valued at $4,746,924. This trade represents a 24.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas N. Benham purchased 3,286 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of $24.49 per share, with a total value of $80,474.14. Following the purchase, the director now directly owns 41,946 shares in the company, valued at approximately $1,027,257.54. The trade was a 8.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.32% of the stock is owned by insiders.

American Homes 4 Rent Trading Down 0.9 %

NYSE:AMH opened at $37.37 on Friday. American Homes 4 Rent has a 12-month low of $33.75 and a 12-month high of $41.41. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $37.52 and its 200-day simple moving average is $37.57. The firm has a market cap of $13.81 billion, a P/E ratio of 38.93, a PEG ratio of 3.33 and a beta of 0.78.

American Homes 4 Rent (NYSE:AMH) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $445.06 million during the quarter, compared to analyst estimates of $443.81 million. American Homes 4 Rent had a net margin of 21.51% and a return on equity of 4.76%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Equities analysts anticipate that American Homes 4 Rent will post 1.77 EPS for the current year.

American Homes 4 Rent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.04 annualized dividend and a yield of 2.78%. American Homes 4 Rent’s dividend payout ratio is currently 108.33%.

American Homes 4 Rent Company Profile

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes. We're an internally managed Maryland real estate investment trust (REIT) focused on acquiring, developing, renovating, leasing and managing homes as rental properties. Our goal is to simplify the experience of leasing a home and deliver peace of mind to households across the country.